JPMorgan Says This $720 Billion Area Is Only Getting Started

Sweeping report covers environmental, social, governance arena
Emerging markets catching up with developed ones in ESG: JPM

The Quito Glacier is seen melting near Ecuador's Pedro Vicente Maldonado Research Station on Greenwich Island, Antarctica, on Friday, Feb. 1, 2019. Members of the 23rd Ecuadorian Antarctic Expedition arrived at the White Continent earlier this year to conduct research, develop scientific exploration and to document the environmental impacts on glaciers, flora and fauna in the region.Photographer: Isadora Romero/Bloomberg

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By Joanna Ossinger

May 30, 2019 at 10:05 AM EDT

Updated on

May 30, 2019 at 7:04 PM EDT

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Emerging markets are catching up with developed ones in the growing arena of environmental, social and governance investing, according to JPMorgan Chase & Co.

The active and systematic asset management universe for ESG has grown about 10% from the end of last year to $720 billion as of the first quarter, JPMorgan estimated in a report Thursday led by global research chair Joyce Chang. The firm said it’s now favoring emerging-market stocks tied to the sector versus developed-country counterparts because the two sides should converge.

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